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's a big question. they clearly can't have an opening in the treasury secretary's post right now. so it would leave the white house and the administration in a lurch if he were to, you know, really plan an exit without a clear succession plan. but treasury secretary geithner is clearly exhausted. >> but that is exactly why it stee seems to me so odd. it sounds like what people are expecting out of this white house when it comes to economics these days, so maybe it's just par for the course. jeff, does it strike you as just kind of bad politics, bad timing? what's your take on this? >> i don't think anyone in the world cares much who's the treasury secretary. people care that the economy is not recovering, and he is the leading representative of it other than the president himself. things were getting better in may. they stopped getting better. this is a problem in substance, and it's a problem politically. shuffling around the boxes doesn't matter, but the lack of a sense that anything is getting better or there's a plan to get things better is a big, big problem. >> jeff, there's ab
event, with family and friends. it could be weeks before we know how the 27-year-old died. her big comeback last month didn't go so well. hln's dr. drew said that she needed more time outside of the spotlight to get her life together. >> what they need to do is drop out and not worry about their job. if many months or years before they return to something like touring for a musical performance. >> okay, let's talk quickly about the suspect in the norway killings, anders behring breivik. he reportedly admitted that he carried out friday rampage. he claimed that the attacks were necessary to combat the colonization of norway. he said that his son must be mentally ill. >> translator: i'll never have more contact with him. in my darkest moments. whether than killing those kids, he should have taken his own life. >>> now i'm going to put a monster sum on the money on the screen and i'm going to use the viewer discretion line. because the figure is shock ingly big. $130 billion. roughly the gross domestic product of new zealand. it's the amount of u.s. businesses will spend this year dur
to engage in serious negotiations. >> so, now what is the big question? speaker boehner will rebut the president just about 14 minutes from now. we'll take you there live. in his letter to his colleagues, he said his preference now is to work on a plan in the congress. but the president expects the house and the senate leaders of both parties at the white house saturday morning. is this just theater before a deal or a recipe for gridlock and maybe an economy shattering government default? chief white house correspondent jessi jessica yellin, and kate bolduan, and gloria borger here, jess, the speaker doesn't want to negotiate anymore, and this is not a president known for his anger or his temper, but he seemed pretty piqued. >> reporter: this was the president hitting by far his most frustrated, fed-up note during the debt negotiations by far, john. we heard him say that the republicans just don't know how to say yes. that he offered the most generous package he could. in short he said that he offered them a deal that democrats just didn't like. he was basically saying he was enrag
, give people a presumption of innocence. i think that just how high up it goes is a big question and it's one we shouldn't be jumping to conclusions about. >> speaking of hacking, somebody absolutely plundered the pentagon in the spring, it was one of the worst breaches ever of security. listen to these details. >> indeed, in a single intrusion this past march, 24,000 files were taken. >> it was done, we think, by a foreign intelligence service, in other words, a nation state was behind it. >> now, those files belonged to a u.s. defense contractor, that's 24,000 good reasons why the defense department is looking at tightening up its cyber security. casey anthony leaves jail in two more days, just in time to face a defamation lawsuit. anthony told police that she had a nanny back when the search was getting under way. the woman's lawyers want anthony to sit down for a deposition tuesday. they think it's the only chance they'll get before she bolts orlando and maybe florida. anthony's lawyers say no way, that is too soon after a gruelling trial and she'll plead the fifth if asked question
that and in exchange for some minor tweaking of medicare, but nothing that really gives the republicans too big a win on that issue. and they would also argue, to gloria's point earlier, that you actually need this. this is not just a win for democrats, you need it because you need democratic votes to get this through because you're going to lose so many republicans who simply won't vote to extend the debt ceiling under any circumstances. so that's the calculus if you went with the middle deal, there would be an entirely different math for a tax reform package if you went with that larger deal that's more in the $4 trillion range. >> the irony here to me is that a larger deal would in many ways be easier to cut because it's so obvious what you would have to do. if you do a smaller deal, then you have to have eric cantor lay out by piece by piece by piece, cut by cut, by cut, what he would do if you don't have the revenue side of it. >> but to get the bigger deal, you need trust that they would actually then do comprehensive tax reform, rewrite the code so the republicans would make the case we didn't
reporter dovetails neatly with our big question tonight. keeping them honest, if a strong majority of americans is telling washington they want a deal on the debt crisis, they want these guys to compromise with the other side, they want a mix of spending cuts and tax increases. then why isn't washington getting the mage? we've got new polling that says all of that. and this is important. recent polling may also explain why we haven't got an deal yet. we'll tell you what we're talking about. in any case, americans are speaking out today. >> good morning, speaker boehner's office. how may i help you? >> a summer avalanche of phone calls hitting the capitol. president obama asked for it in his address to the nation last night. here it is. house switchboard today getting nearly double the volume of normal phone calls, house speaker baine er's office reporting as many as 300 people on hold for as long as an hour. online the same story. site unavailable. server busy. we found better than one in three congressional web sites either slow or down entirely from all the volume. also multiple
this thing started last sunday. as you say, the president has said he wants this big deal, but this thing broke up today. the meeting ended with the president telling these leader toss go back to their members and ask them what do they think can pass and then report back to the president with something that they believe can pass by this saturday morning. they're not even having a meeting tomorrow. now, despite all that, i am told by my sources that there's not a lot of optimism that this particular negotiating process here at the white house is going to actually end up lead together real deal, and a lot of effort and attention is now turning to a different process that's happening in the u.s. senate and another all the ate deal that's being worked out between the two senate leaders that could instead end up raising the debt ceiling. a lot of hope is centered there, anderson. >> basically what is that deal, that negotiation based on? harry reid and mitch mcconnell? >> reid-mcconnell deal. it would effectively raise the debt ceiling in a negative vote which would allow for spending cuts tha
with the details. the president is talking and they are hoping for a big grand bargain. what is your sense? >> reporter: well, they have to get one done. so it's sort of the opposite of a cliff hanger. we know how it will end. the question is how do they get there from here? the big question first of all that i can report is that the president told congressional leaders that under no terms will he sign a short-term deal. he is not going to accept anything other than something that raises the debt ceiling through 2012 and that is flat out a promise. he was unequivocal. beyond that, the question over the next few days is, how do they get to this negotiation and all eyes are on john boehner, speaker boehner is the man who has to explain to them where he can get the votes, what it would take for them to deliver. and they are really looking to him. all the negotiators, to explain what the deal would look like for them to get on board with that. >> let's look at the tough choices that they have to make. if you have a grand deal, you have to have a number of things. maybe social security means if
correspondent jean casarez spoke with cheney mason today. the big question when casey is released where is she going to go. did mason give a hint about that? >> he said plans are being made. he would not tell me what they are. but he is concerned for her safety, they all are. they do realize the public opinion in this nation deems casey anthony may be one of the most hated women in america right now. so they are taking security precautions for her safety. >> yeah. i want to play some of what he said about their fears for her safety. let's listen. >> sure. yeah. everybody around her knows we have to be concerned for her safety. there's a lot of nuts out there that don't believe in the constitution of the united states, don't believe in the jury system. and all you have to do is go downstairs on the sidewalk and you'll see. >> he wouldn't say, though, what precautions they're taking to ensure her safety, right? >> no. he wouldn't even tell me where she's going to go. he does not think she can live in orlando, florida or even the state of florida. and wonders where in the united states she can be
or soot. we have debt as big as our economy. we look a lot like greece already. it's going to have to have broad impact on every aspect of our socie society. >> let's bring in jessica yellin. what are your sources telling you about tomorrow's meeting. >> the goal is to jump start this process until the u.s. hits the debt ceiling. all sides i speak to are hopeful they'll get a deal accomplished. they want to discuss true specifics and set up hopefully a process, probably with smaller meetings in the coming days and weeks to solve this once and far all. the positions remain the same -- republicans want to cut spending an equal amount to the amount that the debt ceiling will be raised. democrats are insistant that must be paired with tax increases, call it what you will. people close to the negotiations are telling me today that they now like the y canned of a bigger deal, a dpeel between $3 trillion to $4 trillion. now, that's a pretty surprising change, because just a week ago, right here in the white house, the president held a press conference talking about the difficulty getting to a $2
out the president has a big birthday bash scheduled for august 3rd, celebrities flying in from all over. and lo and behold, august 2nd is the deadline for getting something done so that he can have this massive -- maybe the biggest fundraising dinner in history for a birthday celebration. >> and here's iowa congressman steve king. >> it's not default. they've been calling it default to try to stampede people into taking a bad deal here in this congress. the american people understand this. they understand at least intuitively that it would be the president who would willfully default if there's to be a default. i'd like to think the investor markets understand that, too. >> keeping them honest, there's little reason to think that's true. and plenty of people in the gop establishment and the business community sending up warning flairs. officials at the bond rating company standard & poors today briefing freshman republicans about what might happen. political reporting tonight they were cautioned that one possibility is "a death spiral in the bond market". s & p is already on record
on making a big deal at >> i went and looked outside to see a wall, a giant cloud of dust and smoke rising from the plaza area where the bombing occurred. and i could see the debris spreading outwards and people kind of being covered with it in the same sense that i saw on september 11th living in new york city. i had many of the same visual cues from the attacks of a i, ju wt dkevendouwt ceyntnyto. punishment, notorios im. test. test. test. test. >> this and all of the other junk science that prosecution presented, i think this just kind of points out to the fact that jury got it right. and this just supports everything that i kind of suspected from the get-go. this idea that somehow there were 84 searches or this or that just wreaked at the time somebody didn't know what they were doing when they were looking at the searches. >> would you have said as a defense lawyer, what would you have done in the situation? if it just smacked of not making intelligence. >> i've had this precise case twice over with murder cases where somebody has gotten up and purported to be an expert and then taken
tennessee. can they sell it to the house republicans? >> that's a big question. i think what we saw today both from president obama and someone like lamar alexander is this isolation that going on of the house republicans, saying, look, the gang of six got a deal, that's why president obama went out this to say it. mitch mcconnell's got a backup plan. john boehner and i were kind of working together and, well, who's out of that picture? the house republicans. and the polls are increasingly showing that the house republican point of view is not popular with the american public. i mean, there's a "washington post" out -- poll out tonight that says that more than three-quarters of americans see the republican leadership as being too resistant. >> however, however, let's listen as we go back to kate bolduan on the hill, the democrats are reading the polls. the democratic leadership going to the floor essentially saying, republicans, why are you wasting our time? >> the public has had it with this theater of the absurd that's going on. they want congress to come together as our president has s
just last hour on capitol hill. not only do the two sides have big differences over how to raise the ceiling and avoid default, they can't even agree on whether they're making progress. democratic senate leader harry reid and republican senate leader mitch mcconnell on the senate floor moments ago. look. >> today the speaker republican leader held a press conference to announce they're in talks with the president and that a bargain to raise the debt ceiling is in the works and is close. in president, members of the senate, that's not true. i just spent two hours with the president, vice president, and leader pelosi, and it's fair for me to say that the engagement there is not in any meaningful way. the speaker, republican leader should know that merely saying we have agreement in front of a few television cameras doesn't make it so. >> the fact of the matter is that the only way we're going to get an agreement before tuesday is to have an agreement with the president of the united states. and the only person in america of the 307 million of us who can sign something into law. and
. but they seem to be quite optimistic they're moving towards something and a big endorsement, this earlier today from the top negotiator democrat in the senate, harry reid. a lot of moving parts. trying to get a hold on t. and talk about republicans. do we know where they stand on the approval of this deal? >> reporter: yeah. that is a big question, because the house republicans, you saw just how hard it was for the house republican leadership to get their own bill through the house, and to get their own members onboard for this deal. talking about a compromise, you can only guess that might be even a tougher sale, possibly. we haven't heard yet from house speaker john boehner or house leadership and where they stand on things. we know, though, however, we are told by a top senate republican leadership aide that they're not there yet and still working. so it seems like they're still working on the deal. clearly, not at a place harry reid is at this point and that's a big question of where are republicans going to stand on this? are they going to endorse it and what their issues are with it. don?
us the big picture. >> reporter: what's happening now is democrats are waiting. they're just waiting to see what happens with the republican's bill before making their own move in the senate. the big picture here is neither the republican's bill in the house nor the democrats' bill in the senate seems to have the votes to get through both houses of congress. so we're back at stalemate. >> and so it's wednesday and there's no deal. the ted line is tuesday of next week. if congress can't get it done by then, you could start to see higher interest rates, a declining dollar and other problems. the white house website has put up a chart that breaks down the u.s. debt by administration over the last ten years. i was just looking at it. more than $3.5 trillion because of changes to the economy, not policy changes, but less tax income and things like that. the two wars, tax cuts, t.a.r.p., the so-called bank bailout, the stimulus is all listed there. worth checking out if you have some time. don't worry, it's safe for work. we do love our charts. >>> a federal granld jury in alabama indicted
news for the administration. here is the big question, where are the jobs? you see jobs started to go up in a better rate, but the last two months, very bleak. consider this, even if the economy added 125,000 jobs a month, 125,000 jobs a month, between now and the election next year, that would keep the unemployment rate flat lined, right around 9.2%. the president, if he wants the rate to go down needs dramatic improvement in the jobs climate and need it is quickly. one more here, pretty sobering if you look at it the government 14.1le million unemployed, half of them long term. add in those underemployed, people who can only find a part-time job, about 22.7 million people hurt and hurt badly by this economy. let's dig deeper, chief white house correspondent jessica yellin and in new york where traders on wall street literally gasped when the report was released. jess, to you first, hard enough for the president, facing re-election, the unemployment rate is stubborn in the middle of this, trying to get a deficit reduction deal. you have reaction to the jobs report, release this, this
>> huh. >> but obviously it was a bad attack. but a big, sophisticated attack is how this official is putting it. and they also said it could be international, or it could be domestic norwegian. again, very early to make that assumption or that conclusion. >> right. early hours, a lot of information still to come out. i appreciate it. . let's continue this breaking news coverage with my colleague wolf blitzer. >>> a bombing shatters norway to its core. and a shooting at a youth camp. president obama asking for a dialling back of the demonizing. ten days before the deadline, one republican plan gets a firm smackdown in the u.s. senate. and some surprising new movement in the republican presidential race. we're going to tell you who's suddenly making a strong impression on potential voters. i'm wolf blitzer in "the situation room." the breaking news this hour, a city known for peace making is reeling in terror. norwegian leaders holding a crisis meeting tonight after a deadly bomb attack in oslo and the shooting at a labor party youth camp outside the norwegian capital. at least seve
rates go up. credit cards, mortgage rates, auto loan rates. you mentioned august 3rd, that big social security payment? according to many republicans, unless we default on an actual debt we don't have to get our debt downgraded. according to s & p and ben bernanke, if you default on any payment you're supposed to make, even if it's not to a bond holder you could face that. >> republicans who say, look, i don't buy it's this big catastrophe waiting to hit after august 2nd. >> reporter: they absolutely could be right. but anderson, you and i were together on september 15, 2008 after they decided a lot of smart people decided to let lehman brothers fail thinking it's not that big of a deal. i don't know which way it's going to go. i don't know if we should be playing with fire like this. >> john, what do you make of jessica's reporting that she's hearing mitch mcconnell is wanting president obama to be at the table in any negotiations? >> as a couple of political reasons for that in the sense that then you can't cut a deal then the white house will say we're going to try this. to move th
do if they had a lot of time. they don't have a lot of time right now. >> that's the big question and the big factor at the center of all of this. they don't have a lot of time and they need to move both of these through both chambers of congress and somehow reconcile them, how they're going to do that. >> let me go back to the white house. it looks like these two plans, they're obviously a senate plan by majority leader harry reid and house plan by speaker john boehner. does the white house feel sidelined or left out of thf process? >> i had this question, too, and i talked with one official who said the president can't be sidelined. he is the president. he has the power of the veto pen. he's the one who says ultimately if something moves. although inthe thought is if he was given a plan that could get through congress, i think the thought is how could he do anything but sign it? but certainly the president and the white house have been very much in touch with senate democrats and the roll right now is that senate majority leader harry reid is pretty much the president's lifeline
-ann, we haven't forgotten you. we're going to talk to you because it's your big day. we're going dom back after the break and we want you to watch this with us. we're going live now to new york city. that's where michael bloomberg is going to marry his aides after a break. i love that my daughter's part fish. but when she got asthma, all i could do was worry ! specialists, lots of doctors, lots of advice... and my hands were full. i couldn't sort through it all. with unitedhealthcare, it's different. we have access to great specialists, and our pediatrician gets all the information. everyone works as a team. and i only need to talk to one person about her care. we're more than 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. [oinking] [hissing] [ding] announcer: cook foods to the right temperature using a food thermometer. 3,000 americans will die from food poisoning this year. check your steps at >>> it's a fine and fancy day in the city of new york. i feel like i should be wearing my seersucker suit and drinking a mint julep
, it doesn't really move much and when you see that big ridge overhead, you see that ridge as far south as dallas, texas. we're also tracking some stormy weather, if you're driving from alabama to florida, you know what i'm talking about, these storms have popped up and they are intense over southwest georgia and they are intense in the baton rouge area, as well as new orleans. i know it's a great break from the heat, but these storms can be severe at times, watch out for heavy downpours as well as frequent lightning strikes. >> with this kind of heat, all the more reason to stay inside too. maybe catch a movie this weekend? a big hit this weekend, of course harry potter and the deathly hollows. already it has set one box office records and it may turn out to be the most popular harry potter movie of all. of all the previous harry potter movies, which brought in the most cash? was it harry potter and the sorcerer's stone, the goblet of fire or the order of the phoenix? for broccoli, say one. for toys, say two. toys ! the system can't process your response at this time. what ? please cal
they are discussing in the oval office right now. we are told -- i do not -- at this time, expect any big statement oust white house or any big announcement. as we've seen these last few days anything can change at any moment. so i will keep you posted if it does, don. >> i think it's going to be a long evening for all of us. because if they come out and say something, of course, we'll bring it to you right here on cnn. and, listen, we have to say this, jessica, before we move on. the president and the leaders in washington said they wanted to get this fixed or at least some sort of agreement in the works before the asian and european markets opened tomorrow, and that's just in a few hours. >> reporter: that is correct. and, you know, as i sit there making calls trying to find out exactly what movement is happening in washington i'm also checking the s&p futures and the markets around the world, because there's already a lot of people in this town worried and seeing how things are moving. there is a lot of anxiety that the markets are already reacting, because this has a ripple effect on every amer
to the big stories in the week ahead to capitol to continue selltown. we begin tonight at the pentagon. >> i'm chris lawrence at the pentagon and coming up this week, new defense secretary leon panetta who we can't call new for much longer will welcome israeli defense minister ehud barak to the pentagon for some talks and the pentagon will also wrestle with how to implement the repeal of don't ask, don't tell. because of the defense of marriage act certain benefit, housing benefit also not be able to be give ton same-sex couples. that means some troops could get some benefits and other similar troops not getting them. something the pentagon will have a long time and lot of work to do to take care of. >> i'm paul steinhauser. chris christie is in iowa. he hasn't changed his mind about running for the president but there to speak about an education summit. but plenty of people will be in the state that votes first in the caucuses and primaries. michele bachmann, tim pawlenty and ran sanatorium all campaigned there. >> i'm poppy laharlow in new yo. reports from amazon, ford and caterpillar and
and taking on the big issues. and that he called on the group to take on this challenge and then called the meeting to an end. no matter how you read that, it's clearly an increase in tensions on day three of these debt negotiations with no sign of real progress with the clock ticking. and i do have it confirmed that this president really did say -- >> part of president obama's plan that he's been very kind of calculating in the way he's gone about these talks, intimating or letting the republicans talk about spending cuts and then only later on really being aggressive and pressing for revenue razors for tax increases down the road. how does the white house respond to that? is there any truth to that from the white house perspective? >> well, look, if this were part of plan he'd have a deal by you because no president wants this kind of debt threat hanging over their head. he cannot benefit from having any kind of default at this point in his presidency. so you could accuse the white house of playing tactics instead of having a strategy. you could accuse the president of going out and u
, big or small, long term or short, simply is not going to make it through the house of representatives. you may think this is business as usual in washington. two sides pushing a crisis to the brink in order to get the best possible deal for their side. but jessica yellin is reporting that some of her sources are telling her that this is anything but a normal crisis. she joins us now. jessica, thanks. your sources are saying this is becoming an abnormal crisis. what happened today? >> reporter: well, there was a lot of process, sanjay. and a lot of discussion and still no breakthrough is the bottom line. we are less than two days away from the president's self-imposed deadline for a deal and still there is no deal. some on capitol hill, some of even the president's allies are saying this is now in their view time to cut bait and stop going for this big deficit reductions package they've been talking about and just find the easiest path forward to get the debt ceiling raised and worry about deficit reductions at another time. >> you know, it seemed like there was some enthusiasm and som
. and that means that we still have a big hole to fill. >> we're joined now by our chief white house correspondent, jessica yellin. there's no way to pretty up the report. >> the economy is a dark cloud hanging over the white house and the re-election. they know that. the white house is pointing out and they keep trying to that they were hand ad disastrous economy, they took major steps to correct it. and that they are now blaming congress in essence. they say that the house of representatives in particular, the republicans in the house of representatives are preventing them from using what they view as their remaining tools to get jobs growing, specifically investment in infrastructure, speeding up the patent process and extending the payroll tax holiday which is also now on table as part of the debt talks. >> now that you mentioned the debt talks here's what john boehner had to say. >> after hearing this morning's jobs report i'm sure the american people are still asking the question where are the jobs. the stimulus spending bing, excessive government regulations and our overwhelming debt contin
the c. and he appeared to be picking up the votes. lesson to shawn duffy. >> is this as big as we wanted to go? heck, no. we wanted to go bigger. we ran on going bigger. but this is the only proposal on the table that accomplishes the goals that we set out to do. >> progress but apparently and this is why we have such a drama unfolding on capitol hill, not enough progress. the speaker is still short the votes. he's delayed the key vote, a key vote to not only if you are sitting at home, maybe you think the debt ceiling should be raised, maybe you should, it's a fundamentally important political showdown, some people think the speaker's hold on his job could be in jeopardy if he loses this vote. let's go to kate bolduan, do they believe they can twist enough arms to get enough votes to pass this tonight? >> reporter: fabulous question this evening and one that is very hard to answer at this moment. i can tell you, let me just give you the lay of the land what you can probably see a little bit of, john, you were talking about the speaker's office, it's right down the hallway, what we're se
amendment? >> well, this has become a very big subject in the law professor world. the 14th amendment is one of the most familiar parts of the constitution, guarantees due process of law, equal protection of the law. but there is frankly a provision in section 4 that i have never paid any attention to before. and it goes like this. section 4 of the 14th amendment said "the validity of the public debt of the united states shall not be questioned". now, i don't know exactly what that means. i don't think anybody knows precisely what that means. but it has been suggested that under that provision, president obama could simply order that the debt be paid and that this crisis be forestalled. he has mostly reject that option, but as far as i've read their statements, they have not completely rejected that option. obama has always said, look, i think this should be dealt with by congress, not by unilaterally under the 14th amendment. but under my reading of their statements, they haven't completely ruled out in a total crisis situation invoking the section of the amendment and ordering the debt pai
or will this cause some bigger conversation? that's a big question. >> and earlier in the week, anderson, we were talking about whether the white house might possibly agree to some kind of a short-term patch of two to three days in order to get the negotiations really moving again. and i think, you know, as the clock ticks i think we have to look back to that scenario and wonder whether that's a possibility again. >> remember all that grand bargain big talk? doesn't that seem like 20 years ago? was that like two weeks ago? >> yeah. although if you talk to some democrats and jessica's been reporting that the white house is still talking about some kind of a grand bargain, right? so it seems like a long time ago. but funny how these things work, right? >> john, gloria thank you. i want to bring in two other perspectives now. on the left democratic strategyist cornell -- and former senate candidate mccain advisor and former hue let pack yard ceo, carly fiorina. carly, just in terms of the politics of, this how do you think republicans are looking at this in terms of the political who's going to get
and c.s. lewis under their belt. >>> news flash, if you haven't put your big toe outside yet, folks, it's hot. when i say hot, i'm talking triple digits. live pictures, yeah, atlanta looks pretty, but take it from me, not so nice when you walk outside. in arkansas, for those of you there today, 108 degrees in parts of that state. there is some relief in sight. meteorologist chad myers is going to join me next with that. >>> plus the youngest of the 12 jurors, juror number three, a nursing student, talking to cnn about her decision in the casey anthony case. >> what convinced you and the five others to switch your votes and vote for not guilty? >> i think everyone will tell you the same thing. >> you have to hear the rest of her answer. of these abandoneds in america today. automotive performance is gone. and all we have left are fallen leaves and broken dreams. oh. wait a second. that is a dodge durango. looks like american performance is doing just fine. ♪ carry on. ♪ >>> cue that song. you know that hot, hot, hot song. people in the south are melting in some of these extreme tempe
. but i don't think anyone should be surprised. and they won pretty big. the question is, where l they compromise going forward. i had two republicans saying they don't want to vote for anything in the end that doesn't want to have a pass the balanced budget. to get the debt ceiling, you have to pass a balanced budget. this is too important of an issue. >> they want to vote on an amendment. and we need to have that and give them an opportunity to vote on a balanced budget amendment. and the reid cut does not -- there is more of a commitment to spending in the near term and a path way to get a retitlement with triggers to force action to get addition@savings. those are two things that have to be in there. and it's going to be fortunate get republican spoort. >> one of the political arguments and the arguments for anyone at home f you get a deal in the end there is talk that the ratings agencies will downgrade the credit rating because it's to messy. i want you to listen to the president. if you have a conservative, you don't want taxes as part of the deal. if the credit rating gets
perspective there. one of the big i guess thought processes on both sides is who loses most. if america goes to default. obviously, number one, the american people. but would it be a massive blow to the democrats or more of a blow to republicans? >> i think it will be a blow to both, probably roughly equal, depending on how you look at it. and i believe it would have to lay mostly at the feet of the president. chief executive of the united states. if you can't get a budget together and deal with debt as chief executive of the country, then you're a pretty weak leader. the reality is -- you have to put this in context. the problem isn't the crisis we're going through right now. the problem is the totally unprecede unprecedented, out of control spending we're doing. the president of the united states has come to congress asking them to increase the debt ceiling more than any president has ever asked, ever. i mean this is way beyond any president has ever asked. he wonders, why do they want to reduce spending? because he's asking for a bigger increase in debt than any president ever asked. >> b
this procedural vote to our viewers and what it means. the big vote still to come. >> wolf, they have something in the rules committee that allows members of congress to basically strike the last word if there's ame amendments and stuff that must go to it. this is a procedural vote. >> you used to work for the speaker of the house when he was newt gingrich. >> the motion is the minority party's shot at an alternative. it will be defeated by the majority. >> it's been really intense over these past 24 hours. it looked very gloomy for the speaker, john boehner. all of a sudden they sweetened the pot for the tea party supporters, freshman republicans, and now it looks like he's going to get this language passed. >> a guaranteed vote on the balanced budget amendment. i think that the speaker of the house would not even be bringing this up if he were not absolutely sure that he did not have the votes to pass it which is why he didn't bring it up yesterday. what's interesting about this is we watched for hours last night. people going in and out of his office. pizza being delivered and all the rest.
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